Wentworth Anticipate Growth in Tanzania Gas Demand in 2019

In Tanzania, the company operates the Mnazi Bay & Msimbati gas fields in a joint venture with Maurel et Prom and the Tanzania Petroleum Development Corporation (TPDC).

For 2019, the Company anticipates further growth in gas demand with the extension to the Kinyerezi-1 power plant that utilises the gas from Mnazi Bay, which is expected to come online in Q4 2019.

This facility will initially require 5 MMscf/d and will build up approximately 30 MMscf/d of gas requirement when fully commissioned over a six-month period.

Continued gas demand growth in 2019 is also expected, primarily from the Dangote Cement Plant and other smaller industrial consumers; adding an additional 10-15 MMscf/d to national demand needs by Q2 2019.

Eskil Jersing, CEO of Wentworth Resources, commented: “We look forward to updating the market on our progress in 2019, in a rapidly developing demand-led landscape. Our efforts this year will be primarily focused on maintaining efficient operations at our Mnazi Bay asset, strengthening our financial position and executing on our M&A led growth mandate.”